Romania SAF-T pilot 2020
- Sep 2, 2019 | Richard Asquith
Romania is proceeding with plans for a pilot of Standard Audit File for Tax (SAF-T) for large taxpayers in January 2020. This would enable a full adoption by the end of 2020 for most businesses.
SAF-T was developed by the OECD in 2005 as a standard schema for the exchange of tax data between tax authorities and businesses around the world. It is already in place in nine European countries on a mostly on-demand basis. Poland is the only country to date that has made it a monthly filing requirement.
Hungary is also planning to introduce SAF-T in 2021.
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